{"id":1004235231,"date":"2018-06-15T04:09:39","date_gmt":"2018-06-15T12:09:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004235231"},"modified":"2022-12-09T00:55:29","modified_gmt":"2022-12-09T08:55:29","slug":"real-capital-solutions-buys-1-7-msf-fl-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/real-capital-solutions-buys-1-7-msf-fl-asset\/","title":{"rendered":"Real Capital Solutions Buys 1.7 MSF FL Asset"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004235234\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/One-Imeson-Distribution-Center-in-Jacksonville-Fla..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004235234\" data-attachment-id=\"1004235234\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/real-capital-solutions-buys-1-7-msf-fl-asset\/one-imeson-distribution-center-in-jacksonville-fla\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/One-Imeson-Distribution-Center-in-Jacksonville-Fla..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;10&quot;,&quot;credit&quot;:&quot;mj canella&quot;,&quot;camera&quot;:&quot;NIKON D7100&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1454072504&quot;,&quot;copyright&quot;:&quot;aerial-photo.com  Sun Star Productions,Inc.&quot;,&quot;focal_length&quot;:&quot;14&quot;,&quot;iso&quot;:&quot;250&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"One Imeson Distribution Center in Jacksonville, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Imeson Distribution Center in Jacksonville, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/One-Imeson-Distribution-Center-in-Jacksonville-Fla..jpg?w=800\" class=\"wp-image-1004235234 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/One-Imeson-Distribution-Center-in-Jacksonville-Fla..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/One-Imeson-Distribution-Center-in-Jacksonville-Fla..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/One-Imeson-Distribution-Center-in-Jacksonville-Fla..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/One-Imeson-Distribution-Center-in-Jacksonville-Fla..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004235234\" class=\"wp-caption-text\">One Imeson Distribution Center<\/p><\/div>\n<p>Real Capital Solutions has acquired the 1.7 million-square-foot One Imeson Distribution Center in Jacksonville, Fla., for $47.8 million. The structure is the largest commercial building in Jacksonville. The seller, IP Capital Partners, acquired the asset in late 2011 for $16.3 million, according to Duval County records.&nbsp;<\/p>\n<p>The property, located at 1 Imeson Park Blvd., in the North Jacksonville submarket, is positioned next to U.S. Highway 17 and within two miles of Interstate 95, providing access throughout the city and down Florida\u2019s eastern coast.<\/p>\n<p>One Imeson includes just under 1.5 million square feet of industrial and nearly 250,000 square feet of office space. At the time of sale, the asset was 74 percent leased. Larger tenants in the building include Bacardi, General Dynamics, KoMyo America and Venus Swimware. The distribution center was constructed in 1974 and the previous owner most recently renovated the structure between 2012 and 2015.<\/p>\n<p>Cushman &amp; Wakefield\u2019s Mike Davis, Karl Johnston, Tyler Newman, Michael Lerner and Rick Brugge comprised the team representing the seller in the transaction. In March, the firm represented Graham Commercial in a <a href=\"https:\/\/www.commercialsearch.com\/news\/graham-commercial-sells-north-fl-industrial-assets\/\">$25.3 million industrial sale in the area<\/a>.<\/p>\n<p><em>\u201cWith additional development land, outdoor storage, as well as quality back office space, One Imeson is positioned to accommodate a variety of industrial or office uses well into the future,\u201d&nbsp;<\/em>said Davis, vice chairman of Cushman &amp; Wakefield, in a prepared statement.&nbsp;<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IP Capital Partners sold the property\u2014the largest commercial building in Jacksonville\u2014for roughly $48 million. Cushman &amp; Wakefield represented the seller in the transaction.<\/p>\n","protected":false},"author":861,"featured_media":1004235234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1591,21742],"tags":[32799,36244,37909],"class_list":["post-1004235231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-jacksonville","category-latest","tag-cushman-wakefield","tag-mike-davis","tag-real-capital-solutions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Capital Solutions Buys 1.7 MSF FL Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/real-capital-solutions-buys-1-7-msf-fl-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Capital Solutions Buys 1.7 MSF FL Asset\" \/>\n<meta property=\"og:description\" content=\"IP Capital Partners sold the property\u2014the largest commercial building in Jacksonville\u2014for roughly $48 million. 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